🔥 $S BURNED 32.69 MILLION AND THE PRICE KEEPS FALLING
S is down 4.61% today on $6.6M in volume, two weeks after Sonic burned 32.69 million unclaimed tokens.
Even the burn can't save it:
→ On October 15, Sonic burned 32.69 million unclaimed S tokens from its airdrops and closed a strategic OTC deal for around 13 million S on October 23–24 — and the price is still falling.
→ Divergence: $BTC -0.99%, $AVAX -2.13%… and S -4.61%. It's falling more than twice as much as its Layer 1 peer.
→ Progression: falls → loses $0.0433 → eyes $0.0428.
SHORT entry $0.04386 – $0.04403, stop $0.04413, TP1 $0.04328 (24h low extension), TP2 $0.04279. If it reclaims $0.04413, the short is over and it's time to exit.
Note: the burn reduces supply, and the OTC deal is with a long-term partner — this short is a bet on today's price, not on Sonic being finished.
👇 Will S defend $0.0433 or keep falling? Let me know.
$S #Sonic #Quema #Crypto
S is down 4.61% today on $6.6M in volume, two weeks after Sonic burned 32.69 million unclaimed tokens.
Even the burn can't save it:
→ On October 15, Sonic burned 32.69 million unclaimed S tokens from its airdrops and closed a strategic OTC deal for around 13 million S on October 23–24 — and the price is still falling.
→ Divergence: $BTC -0.99%, $AVAX -2.13%… and S -4.61%. It's falling more than twice as much as its Layer 1 peer.
→ Progression: falls → loses $0.0433 → eyes $0.0428.
SHORT entry $0.04386 – $0.04403, stop $0.04413, TP1 $0.04328 (24h low extension), TP2 $0.04279. If it reclaims $0.04413, the short is over and it's time to exit.
Note: the burn reduces supply, and the OTC deal is with a long-term partner — this short is a bet on today's price, not on Sonic being finished.
👇 Will S defend $0.0433 or keep falling? Let me know.
$S #Sonic #Quema #Crypto
